Would you like to receive notifications on latest updates of the following headlines?

Mawani, Reviva Sign Deal for Waste Recycling Complex in Jeddah

POSTED ON June 24, 2024 •   Business      BY Abiodun Saheed Omodara
Jeddah Islamic Port. Photo Credit : Saudi Ports Authority website

The Saudi Ports Authority (Mawani) and Global Environmental Management Services Ltd. (Reviva), a subsidiary of Saudi Investment Recycling Company (SIRC) Group, have signed an agreement to establish a plant for recycling marine and industrial waste at Jeddah Islamic Port. The project, valued at SAR30 million ($8 million), will cover an area of 10,000 square meters.

The agreement was signed on Sunday by Mawani's President Omar bin Talal Hariri and SIRC's CEO Eng. Ziad bin Mohammed Al-Shiha in the presence of other officials.

This initiative is part of Mawani's efforts to promote environmental sustainability, ensure marine safety, and develop a sustainable maritime sector. It aligns with the National Transport and Logistics Strategy and the Green Ports Initiative, aiming to bolster Saudi Arabia's position as a global logistics center and a hub connecting three continents.

The new plant will enhance waste utilization by converting waste into valuable resources, thereby promoting a thriving circular economy in the Kingdom. It will offer comprehensive waste management and recycling solutions, industrial maintenance services, by-product recycling, and transportation services, which will minimize waste generation and improve waste management operations while preserving the environment.

The collaboration between Mawani and Reviva will contribute to the Kingdom's waste management goals as part of Saudi Vision 2030 and increase the private sector's role in supporting economic growth. The initiative aims to position Jeddah Islamic Port among the top 10 ports globally.

READ ALSO
Website Hack: NBS budgets N35m for cybersecurity training
BY Abiodun Saheed Omodara December 26, 2024 0

The National Bureau of Statistics has earmarked N35m in its 2025 budget proposal for “Capacity...

READ ALSO
CBN disqualifies 41.65m Access Holdings shares
BY Abiodun Saheed Omodara December 26, 2024 0

The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings...

READ ALSO
W’Bank removes loan fees for vulnerable nations
BY Abiodun Saheed Omodara December 26, 2024 0

The World Bank has announced the removal of several loan fees to make borrowing more affordable for...

READ ALSO
2025 Budget : Gombe set 10% for debt servicing
BY Abiodun Saheed Omodara December 25, 2024 0

The Gombe State Commissioner for Finance and Economic Development, Gambo Magaji, on Tuesday, reveale...

READ ALSO
LASG shut Coca-Cola, two others over water usage standards
BY Abiodun Saheed Omodara December 25, 2024 0

The Lagos State Government, through its Water Regulatory Commission, has sealed three companies for...

READ ALSO
No regret removing fuel subsidy- Tinubu
BY Abiodun Saheed Omodara December 24, 2024 0

ABUJA, Nigeria - President Bola Tinubu, on Monday, said he had no regret removing fuel subsidy. The...

READ ALSO
FG lifts ban on mining to boost Zamfara’s IGR
BY Abiodun Saheed Omodara December 23, 2024 0

ZAMFARA, Nigeria - The Minister of State for Defence, Bello Matawalle, announced that the President...

READ ALSO
FG promises to make 2025 impactful for businesses
BY Benedicta Bassey December 23, 2024 0

NIGERIA — The Minister of Industry Trade and Investment, Dr Jumoke Oduwole, has promised that...

OUR CHANNELS:

Valencia employs West Brom’s manager after sacking Ruben Baraja
BY Abiodun Saheed Omodara December 26, 2024 0

Spanish football club giant, Valencia, has appointed the English championship team, West Bromwich Al...


Website Hack: NBS budgets N35m for cybersecurity training
BY Abiodun Saheed Omodara December 26, 2024 0

The National Bureau of Statistics has earmarked N35m in its 2025 budget proposal for “Capacity...


Tinubu, Ogun leaders champion tech innovation
BY Abiodun Saheed Omodara December 26, 2024 0

The City Boy Movement, Ogun State Chapter, awarded N14m to winners of its technology grant initiativ...


CBN disqualifies 41.65m Access Holdings shares
BY Abiodun Saheed Omodara December 26, 2024 0

The Central Bank of Nigeria has disqualified 41.65 million shares worth N822.60m in Access Holdings...


W’Bank removes loan fees for vulnerable nations
BY Abiodun Saheed Omodara December 26, 2024 0

The World Bank has announced the removal of several loan fees to make borrowing more affordable for...


2025 Budget : Gombe set 10% for debt servicing
BY Abiodun Saheed Omodara December 25, 2024 0

The Gombe State Commissioner for Finance and Economic Development, Gambo Magaji, on Tuesday, reveale...


Tinubu's media chat reveals APC's insensitivity to Nigerians – PDP
BY Abiodun Saheed Omodara December 25, 2024 0

The People’s Democratic Party (PDP), has reacted to President Bola Tinubu’s maiden media...


LASG shut Coca-Cola, two others over water usage standards
BY Abiodun Saheed Omodara December 25, 2024 0

The Lagos State Government, through its Water Regulatory Commission, has sealed three companies for...


Mozambique presidential candidate to form parallel government January 15
BY Abiodun Saheed Omodara December 26, 2024 0

The Mozambique main opposition party presidential candidate, Venâncio Mondlane, has threatened...


Oyo govt. sets conditions for Sharia Court inauguration
BY Abiodun Saheed Omodara December 26, 2024 0

The Governor of Oyo State, Seyi Makinde, has said he’s aware of the move to inaugurate a Shari...


More Articles

Load more...

Menu